Synthesis
Pivot point : 10.00
Our preference : long position above 10.00 with targets at 10.65 & 11.20 in extension.
Alternative scenario : in case of a break of 10.00, a continuation of the decline will be possible with 9.50 & 9.10 in sight.
Comment
Although further consolidation cannot be ruled out, its scale should be limited.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices on 12/28 | 10.37 |
| Basic trend | Neutral | Pivot | 10.00 |
| Bracket 1 | 10.00 | Additional distance 1 | 0.28 |
| Bracket 2 | 9.50 | Additional distance 2 | 0.83 |
| Resistance 1 | 10.65 | Additional variation 1 | +2.70% |
| Resistance 2 | 11.20 | Additional variation 2 | +8.00% |
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